Motorola: raises guidance for 2024
(CercleFinance.com) - On its quarterly publication on Thursday evening, Motorola raised its targets for the current fiscal year, now anticipating adjusted EPS (non-GAAP) of between $13.
63 and $13.68, as well as revenue growth of 8.25%.
For Q3 2024, the telecom equipment supplier posted non-GAAP EPS up 17% to $3.74 and an adjusted operating margin up 0.7 point to 29.7%, on revenues up 9% to $2.79bn.
Motorola ended the quarter with an order backlog of $14.1bn, down 1% y-o-y, with a 15% decrease for the product and systems integration sector, but a 6% increase for the software and services sector.
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63 and $13.68, as well as revenue growth of 8.25%.
For Q3 2024, the telecom equipment supplier posted non-GAAP EPS up 17% to $3.74 and an adjusted operating margin up 0.7 point to 29.7%, on revenues up 9% to $2.79bn.
Motorola ended the quarter with an order backlog of $14.1bn, down 1% y-o-y, with a 15% decrease for the product and systems integration sector, but a 6% increase for the software and services sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.